NextDecade Announces Appointment of Brent Wahl as Chief Financial Officer
January 20 2021 - 4:05PM
Business Wire
NextDecade Corporation (NextDecade or the Company) (NASDAQ:
NEXT) today announced that the Board of Directors has appointed
Brent E. Wahl as Chief Financial Officer effective February 1,
2021. Mr. Wahl has served as the Company’s Senior Vice President,
Finance, since June 17, 2019.
Mr. Wahl will replace Benjamin A. Atkins, who has notified the
Company of his intention to resign his position as Chief Financial
Officer for personal reasons. Mr. Atkins will continue to be
employed by the Company until February 1, 2021, to ensure a
seamless transition of the role to Mr. Wahl.
“I join my fellow employees and Directors in congratulating
Brent on his appointment as CFO,” said Matt Schatzman, NextDecade’s
Chairman and Chief Executive Officer. “Brent has made considerable
contributions to NextDecade since joining the Company in 2019, and
I know he will be an outstanding CFO that will help us to achieve a
final investment decision at Rio Grande LNG in 2021.”
“On behalf of our employees and the Board, I also want to thank
Ben for his years of dedicated service to NextDecade,” continued
Schatzman. “Ben’s financial acumen and steady leadership have
benefited the Company greatly, and we wish him well.”
Prior to joining NextDecade, Mr. Wahl was a Senior Managing
Director and Head of Midstream Investment Banking for North America
at Macquarie. Mr. Wahl has more than 20 years of experience in the
energy industry, having also worked at J.P. Morgan and Bank of
America. During his career, Mr. Wahl has participated in more than
$50 billion of financings and more than $100 billion of announced
M&A transactions. Mr. Wahl holds a Bachelor’s Degree in
Economics from the University of Western Ontario and a Master’s
Degree in Business Administration from the Richard Ivey School of
Business at the University of Western Ontario.
About NextDecade Corporation
NextDecade Corporation (NextDecade) is a liquefied natural gas
(LNG) development company focused on LNG export projects.
NextDecade is developing the largest LNG export solution linking
Permian Basin and Eagle Ford Shale natural gas to the global LNG
market, creating value for producers, customers, and stockholders.
Its portfolio of LNG projects includes the 27 mtpa Rio Grande LNG
export facility in the Port of Brownsville, Texas. NextDecade’s
common stock is listed on the Nasdaq Stock Market under the symbol
“NEXT.” NextDecade is headquartered in Houston, Texas. For more
information, visit www.next-decade.com.
NextDecade Forward-Looking Information
This press release contains forward-looking statements within
the meaning of U.S. federal securities laws. The words
“anticipate,” “contemplate,” “estimate,” “expect,” “project,”
“plan,” “intend,” “believe,” “may,” “might,” “will,” “would,”
“could,” “should,” “can have,” “likely,” “continue,” “design” and
other words and terms of similar expressions are intended to
identify forward-looking statements, and these statements may
relate to the business of NextDecade and its subsidiaries. These
statements have been based on NextDecade’s current assumptions,
expectations, and projections about future events and trends and
involve a number of known and unknown risks, which may cause actual
results to differ materially from expectations expressed or implied
in the forward-looking statements. These risks include
uncertainties about progress in the development of NextDecade’s LNG
liquefaction and export projects and the timing of that progress;
NextDecade’s final investment decision (“FID”) in the construction
and operation of a LNG terminal at the Port of Brownsville in
southern Texas (the “Terminal”) and the timing of that decision;
the successful completion of the Terminal by third-party
contractors and an approximately 137-mile pipeline to supply gas to
the Terminal being developed by a third-party; NextDecade’s ability
to secure additional debt and equity financing in the future to
complete the Terminal; the accuracy of estimated costs for the
Terminal; statements that the Terminal, when completed, will have
certain characteristics, including amounts of liquefaction
capacities; the development risks, operational hazards, regulatory
approvals applicable to the Terminal’s and the third-party
pipeline's construction and operations activities; NextDecade’s
anticipated competitive advantage and technological innovation
which may render its anticipated competitive advantage obsolete;
the global demand for and price of natural gas (versus the price of
imported LNG); the availability of LNG vessels worldwide; changes
in legislation and regulations relating to the LNG industry,
including environmental laws and regulations that impose
significant compliance costs and liabilities; the 2019 novel
coronavirus pandemic and its impact on NextDecade’s business and
operating results, including any disruptions in NextDecade’s
operations or development of the Terminal and the health and safety
of NextDecade’s employees, and on NextDecade’s customers, the
global economy and the demand for LNG; risks related to doing
business in and having counterparties in foreign countries;
NextDecade’s ability to maintain the listing of its securities on a
securities exchange or quotation medium; changes adversely
affecting the business in which NextDecade is engaged; management
of growth; general economic conditions; NextDecade’s ability to
generate cash; compliance with environmental laws and regulations;
the result of future financing efforts and applications for
customary tax incentives; and other matters discussed in the “Risk
Factors” section of NextDecade’s Annual Report on Form 10-K for the
year ended December 31, 2019 and other subsequent reports filed
with the Securities and Exchange Commission, all of which are
incorporated herein by reference.
Additionally, any development of the Terminal remains contingent
upon completing required commercial agreements, acquiring all
necessary permits and approval, securing all financing commitments
and potential tax incentives, achieving other customary conditions
and making a final investment decision to proceed. The
forward-looking statements in this press release speak as of the
date of this release. Although NextDecade believes that the
expectations reflected in these forward-looking statements are
reasonable, it can give no assurance that the expectations will
prove to be correct. NextDecade may from time to time voluntarily
update its prior forward-looking statements, however, it disclaims
any commitment to do so except as required by securities laws.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210120005119/en/
Patrick Hughes phughes@next-decade.com +1 (832) 209-8131
NextDecade (NASDAQ:NEXT)
Historical Stock Chart
From Aug 2024 to Sep 2024
NextDecade (NASDAQ:NEXT)
Historical Stock Chart
From Sep 2023 to Sep 2024